Founded in 1854, The Royal Asscher Diamond Co is still owned by the 5th and 6th Asscher generation Edward, Lita and Mike Asscher, with offices in Amsterdam, New York and Tokyo. The company made their historical reputation with the cutting of the Excelsior diamond, the Cullinan diamond (the largest diamond ever found) and of course with the introduction of the world's first patented diamond cut: the Asscher Cut diamond. The Royal Asscher cut, as successor of the Asscher Cut, was introduced in 2001 by the 5th generation Edward and Joop Asscher.

According to the owner, this diamond was originally in the private collection of Joseph Asscher, founder of the company, who had cleaved and cut the world's largest diamond in the world, the Cullinan diamond, for King Edward VII of Great Britain. The diamond stayed in the family and was recut recently to achieve the best colour and light reflection.